BNP Paribas ups hedge fund admin services

BNP Paribas Securities Services has expanded its hedge fund and fund of hedge fund administration services for both Ucits and offshore funds via a new investment programme.

The new investment programme will enable BNP Paribas Securities Services to support hedge fund managers across all strategies, including those employing high volume trading.

The programme is intended to improve transparency through reconciliations between fund, administrator, counterparties and prime brokers and to enable managers to launch funds in a shorter time period.

The French bank is also hopeful it will provide better control for managers and a more flexible platform capable of adapting to market changes through a broader range of automatically processed over the counter instruments.

Online reporting tools should also make the programme easier for investors to access fund data.